EU judgment confirms potential of high cartel fines for vertically integrated multinational companies
On 9 July 2015, the Court of Justice of the European Union (“ECJ”) issued an important judgment[1]Case C-231/14P – InnoLux v European Commission, judgment of 9 July 2015. concerning the basis on which cartel fines by the European Commission should be calculated for vertically integrated companies. The judgment endorses the power of the European Commission…